sustainability

Combating climate change is expensive. Trillions of Euros need to be invested in the transition to a low-carbon and resource-efficient economy and these funds should come from the financial sector. But make no mistake, a sustainable financial system is not just about “greening” investments, it entails the halt of the increasing financialization of the economy.

As shale gas shipments cross the Atlantic to Scottish shores, the contentious fracking debate may re-ignite calling the Scottish Government to lift its moratorium under the guise of economic and energy security. This should be seen only as a ruse when sustainable options exist that do not needlessly add to an increasing global water crisis.

There is evidence that organic food is not necessarily as environmentally friendly and sustainable as is commonly believed to be. Nor are genetically modified organisms (GMOs) by default a threat to the environment. In fact, GM technology can help organic farming become truly sustainable.

A famous proverb says “Firewood yields ash”. But the established practice of using firewood as a source of energy in Afghanistan yields more than ash. Rapid deforestation, air pollution and greenhouse gas emissions are the costs of depending on firewood. These challenges first require establishing the rule of law. Then the government must show determination by implementing relevant policies.